Finance and the welfare state banking development and regulatory principles in Sweden, 1900-2015 /
This book explores the Swedish experience of banking development, regulation and financial crisis from 1900 to 2015. It puts the experiences of the past in the context of today's debate on the future of banking, and argues that the experiences of the Global Financial Crisis that started in 2007...
| Main Author: | Larsson, Mats. |
|---|---|
| Other Authors: | Söderberg, Gabriel, 1978-, SpringerLink (Online service) |
| Format: | eBook |
| Language: | English |
| Published: |
Cham :
Palgrave Macmillan,
©2017.
Cham : [2017] |
| Physical Description: |
1 online resource (158 pages). |
| Series: |
Palgrave studies in the history of finance.
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| Subjects: |
| Summary: |
This book explores the Swedish experience of banking development, regulation and financial crisis from 1900 to 2015. It puts the experiences of the past in the context of today's debate on the future of banking, and argues that the experiences of the Global Financial Crisis that started in 2007 warrants new understandings of the role of bank regulation. The book also analyses how shifts in bank regulations are usually part of more general policy shifts in society, which are in turn connected to both pragmatic and ideological considerations. In the case of Sweden the shift towards more extensive bank regulations after World War II was closely related to the development of the welfare state. Such shifts in policy and regulations are generally international, and the book also explores how the Swedish national policy has interacted with international developments. Mats Larsson is Professor of Economic History at Uppsala University, and Head of Uppsala Centre for Business History, Sweden. He is a member of the editorial board of the Business History journal. Gabriel Söderberg is a researcher in the Department of Economic History at Uppsala University, Sweden. |
|---|---|
| Item Description: |
Includes bibliographical references and index. Preface and Acknowledgements; Contents; List of Figures; List of Tables; 1 Introduction; Abstract ; The Swedish Case; The Nature and Rationale of Banking Regulations; The Concept of Macroeconomic Regime; Aim of the Study; Outline of the Study; References; 2 The Transition from the Classical Regime to the Statist Regime: 1900-1950; Abstract ; Historical Background of the Swedish Banking Sector; Introduction of Early Regulations; Problems and Crises of the Early Twentieth Century; The Origin of a New Economic Policy; The Social Democrats and Financial Regulation in the 1930s; World War II. The Social Democratic Postwar ProgramInternational Postwar Development; Toward a New Macroeconomic Regime; References; 3 The Introduction of the Riksbank Regulation: 1950-1955; Abstract ; The Political Background; The Introduction of New Regulatory Measures; Banking and Insurance: Political Questions; The Negotiations Between the Riksbank and the Banks; The Collaborative Banks; The Intransigent Insurance Industry; The Introduction of the Riksbank Regulation: Conclusions; References; 4 Tensions Mount in the Statist Regime: 1955-1960; Abstract. The Internationalization of Central Banking and the End of the Low Interest Rate PolicyBanks Versus The Central Bank; References; 5 International Turmoil and Regulatory Changes: 1960-1979; Abstract ; The Transformation of the Savings Banks; Housing Construction and the "Million Program"; The Crumbling of Bretton Woods and the Rise of the Eurodollar; Taming the Beast: The 1969 "Kill Switch"; Regulatory Formalization; The End of Bretton Woods and the Åsbrink Era; The Law of Credit Policy Means; The End of the 1970s; Consequences of the Statist Regime and the Riksbank Regulation; References. 6 A New Regime Emerges: 1980-1995Abstract ; Background; The Regime Transition in Sweden; The Beginning of the Deregulated Financial Market; The Financial Crisis of the 1990s; What Caused the Crisis?; Long- and Short-Term Consequences of the Crisis; Conclusion; References; 7 Banking Development, the Global Financial Crisis and the Basel Regulations: 1995-2015; Abstract ; Banking Expansion and Internationalization; The Global Financial Crisis and its Effects on Sweden; Regulatory Responses to the Global Financial Crisis; References; 8 Finance and the Welfare State: What Have We Learned? Abstract Regulations Are Likely a Necessary Part of a Functioning Financial Market; Large Regime Shifts Are International but Domestic Politics Matter; The Role of Individuals in Key Positions Is Important; Successful Future Regulations Are Likely to Be Multidimensional; Regulations Can Have Different Purposes; Regulations Can Negatively Affect Key Actors Even if Social Costs Are Low; "Shadow Banking" Is a Real Concern for Regulation; A Successful Macroeconomic Regime Can Become Obsolete; Toward a New Macroeconomic Regime?; References; Index. This book explores the Swedish experience of banking development, regulation and financial crisis from 1900 to 2015. It puts the experiences of the past in the context of today's debate on the future of banking, and argues that the experiences of the Global Financial Crisis that started in 2007 warrants new understandings of the role of bank regulation. The book also analyses how shifts in bank regulations are usually part of more general policy shifts in society, which are in turn connected to both pragmatic and ideological considerations. In the case of Sweden the shift towards more extensive bank regulations after World War II was closely related to the development of the welfare state. Such shifts in policy and regulations are generally international, and the book also explores how the Swedish national policy has interacted with international developments. Mats Larsson is Professor of Economic History at Uppsala University, and Head of Uppsala Centre for Business History, Sweden. He is a member of the editorial board of the Business History journal. Gabriel Söderberg is a researcher in the Department of Economic History at Uppsala University, Sweden. |
| Physical Description: |
1 online resource (158 pages). |
| Bibliography: |
Includes bibliographical references and index. |
| ISBN: |
9783319618517 3319618512 |